this post was submitted on 23 Apr 2026
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politics

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top 14 comments
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[–] kryptonianCodeMonkey@lemmy.world 3 points 15 hours ago

Let the ass kissing and subsequent presidential pardoning begin

[–] CarrierLost@infosec.pub 99 points 1 day ago (1 children)

He’s not rich enough to get away with insider trading.

And he didn't give Trump his fair share.

[–] mech@feddit.org 29 points 1 day ago (1 children)

Silly soldier, you're not in the club.

[–] TheRiskiestBiscuit@reddthat.com 3 points 15 hours ago* (last edited 15 hours ago)

It’s a big club…

[–] Etterra@discuss.online 11 points 1 day ago

Polymarket and stuff like it should be fucking illegal.

[–] HumanOnEarth@lemmy.ca 17 points 1 day ago (2 children)

No matter how much Polymarket pretends to be against this, it's exactly how it's supposed to work.

I know people call it glorified betting, and a ton of it is....but you can't deny the reality that an anonymous crypto based being system is bound to be one of the best predictors of major events. For exactly the reason that insiders will inevitably find a way to make money off their knowledge.

Everyone gets their panties in a bunch about it, but I find it a fascinating experiment on manipulating greed.

[–] Thorry@feddit.org 13 points 1 day ago

You are repeating marketing. First of all Polymarket isn't against this, they have openly welcomed insider trading. They claim insiders have they best information and thus make the prediction better. Second, when we actually look at the data, it turns out sites like Polymarket are only marginally better than actual guessing. It has nothing to do with predicting anything, it's just straight up betting. There have been a couple of outliers, but those turned out to be because of insiders heavily betting. They skewed the results a lot and that's not prediction, those people knew the outcome. Third, these kinds of companies heavily influence the betting themselves, often "buying the other side of the contract". This raises the stakes and increases engagement. Having it appear one side is favored, means people tend to pile on.

There's plenty of good stories and videos about how fucked up these "prediction markets" actually are. John Oliver just did an episode on it. I would personally recommend this Patrick Boyle video for a good overview: https://youtu.be/e0nsou-1Q2k

Tldr: It's all a huge scam and rigged betting.

[–] ideonek@piefed.social 1 points 1 day ago* (last edited 1 day ago)

It's a spying tool that inteligence agencies tried to implement in foreign countries before, but failed. You brought it on yourself.

Also, its often self-fullfiling profecy. And it's not as accurate as they claim.

[–] UnderpantsWeevil@lemmy.world 10 points 1 day ago (2 children)

https://en.wikipedia.org/wiki/Limited_hangout

According to Victor Marchetti, a former special assistant to the deputy director of the Central Intelligence Agency (CIA), a limited hangout is "spy jargon for a favorite and frequently used gimmick of the clandestine professionals. When their veil of secrecy is shredded and they can no longer rely on a phony cover story to misinform the public, they resort to admitting—sometimes even volunteering—some of the truth while still managing to withhold the key and damaging facts in the case. The public, however, is usually so intrigued by the new information that it never thinks to pursue the matter further".

[–] wonderingwanderer@sopuli.xyz 2 points 15 hours ago

What they say:

"Yes, MKUltra has been cancelled and declassified."

What they don't say:

"The successor to MKUltra is still highly classified and very much not cancelled."

Yep, I was thinking something along these lines. This guy is a patsy, someone else placed that bet.

[–] 0li0li@lemmy.world 6 points 1 day ago

They want their cut I guess...

[–] altphoto@lemmy.today 1 points 1 day ago

Where's that Maduro guy anyway. He's pretty tall!